Sam Henry Acquires Industrial Property From Essa Bateh In Brooklyn For $6.4M

The industrial property located at 255 47th Street in Brooklyn has been sold for $6,400,000. The asset encompasses 18,000 square feet and is classified as a multistory warehouse situated in the Sunset Park area. The price per square foot for this transaction is $355.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $6,400,000
• Address: 255 47th Street
• Market: Brooklyn
• Square Footage: 18,000
• Price per Square Foot: $355
• Buyer: Sam Henry
• Seller: Essa Bateh
• Brokers: Jason Grunberg & Jake Torre - SAB Capital

The sale was facilitated by brokers Jason Grunberg and Jake Torre from SAB Capital, who executed a focused marketing campaign that attracted 26 tours and resulted in 10 written offers. The ultimate buyer is an end-user who paid 20% above the average market value for the property.